Foster & Motley Inc. lifted its stake in shares of Sonoco Products Co (NYSE:SON) by 28.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,280 shares of the industrial products company’s stock after purchasing an additional 5,531 shares during the quarter. Foster & Motley Inc.’s holdings in Sonoco Products were worth $1,555,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SON. Oregon Public Employees Retirement Fund raised its stake in shares of Sonoco Products by 5,213.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,066,704 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 2,027,805 shares during the period. Norges Bank bought a new stake in shares of Sonoco Products during the 4th quarter valued at $55,542,000. BlackRock Inc. raised its stake in shares of Sonoco Products by 3.1% during the 4th quarter. BlackRock Inc. now owns 11,331,928 shares of the industrial products company’s stock valued at $602,065,000 after purchasing an additional 336,758 shares during the period. APG Asset Management N.V. bought a new stake in shares of Sonoco Products during the 4th quarter valued at $14,338,000. Finally, LSV Asset Management raised its stake in shares of Sonoco Products by 33.3% during the 4th quarter. LSV Asset Management now owns 1,066,300 shares of the industrial products company’s stock valued at $56,652,000 after purchasing an additional 266,100 shares during the period. Institutional investors own 74.61% of the company’s stock.

Shares of NYSE SON opened at $62.24 on Tuesday. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 3.78 and a beta of 1.01. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.91 and a current ratio of 1.36. Sonoco Products Co has a twelve month low of $50.30 and a twelve month high of $64.46.

Sonoco Products (NYSE:SON) last announced its earnings results on Thursday, April 18th. The industrial products company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.05. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.37 billion. Sonoco Products had a return on equity of 19.57% and a net margin of 5.76%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 EPS. Research analysts forecast that Sonoco Products Co will post 3.58 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be paid a $0.43 dividend. This is a positive change from Sonoco Products’s previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Thursday, May 9th. Sonoco Products’s dividend payout ratio is currently 51.04%.

A number of analysts recently issued reports on the company. KeyCorp reiterated a “hold” rating on shares of Sonoco Products in a research note on Sunday, April 21st. Vertical Research lowered Sonoco Products from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. Argus upgraded Sonoco Products from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Wednesday, April 24th. Finally, Wells Fargo & Co set a $58.00 target price on Sonoco Products and gave the stock a “hold” rating in a research note on Monday, April 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $59.40.

In other Sonoco Products news, SVP Kevin P. Mahoney sold 1,119 shares of the company’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $59.57, for a total value of $66,658.83. Following the transaction, the senior vice president now directly owns 2,295 shares in the company, valued at approximately $136,713.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Marcy J. Thompson sold 1,465 shares of the company’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $60.02, for a total value of $87,929.30. Following the completion of the transaction, the vice president now owns 15,410 shares in the company, valued at $924,908.20. The disclosure for this sale can be found here. Insiders sold a total of 14,965 shares of company stock worth $913,125 over the last 90 days. Corporate insiders own 1.30% of the company’s stock.

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About Sonoco Products

Sonoco Products Company manufactures and sells industrial and consumer packaging products in North and South America, Europe, Australia, and Asia. The company operates through four segments: Consumer Packaging, Display and Packaging, Paper and Industrial Converted Products, and Protective Solutions. The Consumer Packaging segment offers composite and thermoformed plastic round and shaped rigid containers and trays; extruded and injection-molded plastic products; printed flexible packaging products; brand artwork management; and metal and peelable membrane ends and closures.

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Institutional Ownership by Quarter for Sonoco Products (NYSE:SON)

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